Property score
75.6
Good
Overall 75.6 · Smaller than most nearby homes
1,252 sqft (bottom 15%) · Built in 1991 (4 yrs older than avg)
Located in a high-income area with median household income of ~133k
Transit 62.0 · 3-min walk to transit with 1 nearby route · Within 500m: 2 dining spots, 2 parks, 1 bank/ATM, and 1 fuel station nearby
Living Area
Below average
23% smaller than neighborhood avg.
Year Built
Near average
4 yrs older than neighborhood avg.
Mother tongue
English · 70%French · 6%
Past 10 years Island Lakes sales snapshot (~80% of all data)
654
580k
$348/sqft
1995
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75.6 is composed by the two sections below.
Property Score
Community Score
Island Lakes
How to read: Share of sales in each ~$50k price band for “island lakes” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46111202
$133K
Median household income
$160K
Average household income
5%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.0
P90 / P10 ratio
14%
Single-person households
38%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
257 Island Lakes Drive — 6 amenities found within 500 m, across 4 categories, including 2 dining (nearest 460 m), 2 parks (nearest 328 m).
Island Lakes · WPS public data · 2026
Annual incidents
3
2026
vs. city avg
-90%
relative to avg
Year-over-year
▼ -97%
vs. prior year
Primary type
Violent
67%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 17% | Top 37% | Top 20% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 257 Island Lakes Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This well-maintained one-storey home in the established Island Lakes neighbourhood offers practical, single-level living. Its key characteristics include 1,252 sqft of living space, a renovated basement, and an attached garage, all situated on a 4,397 sqft lot. Built in 1991, the home is newer than many in Winnipeg overall.
The appeal lies in its balance and readiness. The renovated basement adds immediate functional space without the need for projects, which is a significant advantage. While the lot and living area are modest for the immediate Island Lakes area, this translates to less exterior maintenance and a home that is efficient to heat and maintain. Its assessed and recent sold prices position it as a more accessible entry point into this desirable, family-friendly neighbourhood near parks, schools, and amenities.
This property would suit first-time buyers seeking a move-in-ready home in a prime area, or downsizers looking for the convenience of single-storey living without sacrificing community amenities. It’s a pragmatic choice for those who value location and a modernized interior over a larger lot size.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to others in Island Lakes?
The living space is slightly below the neighbourhood average. This is reflected in its value, making it a competitively priced option for getting into the area.
2. What does “renovated basement” typically include?
While exact finishes should be verified, a listing noting a renovated basement usually indicates updated flooring, walls, and lighting, creating a finished, livable space such as a family room or additional bedrooms.
3. Is the lot size a limitation?
The lot is smaller than many in Island Lakes, which means less yard work. For buyers prioritizing low-maintenance outdoor space or who value indoor living area over a large garden, this can be a benefit rather than a drawback.
4. How current are the assessed value figures?
Assessed values are for municipal tax purposes and can lag behind the current market. The sold price from late 2023 is a more direct indicator of its recent market value.
5. What are the advantages of a home built in 1991?
Homes from this era often benefit from modern wiring and insulation standards compared to much older stock, while typically having more straightforward layouts and less quirky maintenance issues than some newer, more complex builds.
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